We can help you change from company title to strata title management
As leaders in property services, we can help you modernise and switch
As the specialist company title arm of Body Corporate Services (BCS) — one of Australia’s leading strata management companies, we have the expertise and industry knowledge to take you building from company title to strata title.
Many company title properties look to change to strata title because of strata’s democratic and straightforward processes. As some of Australia’s leading company title management and strata specialists, we can move you and your company from shareholders and directors to become an owners corporation and committee within strata title.
Changing titles typically takes one year as a process and requires thorough and careful management to make sure it’s done correctly, and that the right applications are made. Our managers can assist to project manage the transition to reduce administrative burdens and risk.
To make the switch to strata management, our managers will:
- Communicate with directors and shareholders about the change and how to ‘resolve to convert’.
- Flag potential stamp duty issues and recommend expert lawyers and contractors that are needed. Our managers will also work to liaise between contractors and the company throughout the process.
- Confirm the strata plan is lodged with NSW Land Registry Services via a development approval and arrange for shareholders to vote to approve the strata plan.
- Confirm the building meets council approval complies with the Building Code of Australia or falls under an exemption, is fire compliant, doesn’t disturb low-income housing, and can meet separate water meter requirements.
- Make sure the land is transferred via NSW Land Registry Services to individual owners.
- Advise on the final process and requirements of winding up the company.
Seamlessly, handover from Sydney Company Title Management to BCS or the PICA Group family network of services which best suits your needs. Transferring within the Sydney Company Title Management family means all the same benefits and outstanding service.